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Bombardier to Sell up to 245 Aircraft to Flexjet

"Our vision for Flexjet is of a luxury brand with a young fleet, the latest technology, hand-crafted interiors and an unmatched owner experience," said Kenn Ricci, a principal with Directional Aviation Capital.

Together, it said, the businesses operate more than 150 aircraft serving 6,000 customers and bring in $1.1 billion in annual revenues.

"Our vision for Flexjet is of a luxury brand with a young fleet, the latest technology, hand-crafted interiors and an unmatched owner experience," said Kenn Ricci, a principal with Directional Aviation Capital.

"That vision inspired this transaction and this historic order with Bombardier whose product line is uniquely suited to the needs of Flexjet's current and future customers," he said in a statement.